Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity11truetrue 1481938 2022-07-01 2023-06-30 1481938 2021-07-01 2022-06-30 1481938 2023-06-30 1481938 2022-06-30 1481938 c:Director1 2022-07-01 2023-06-30 1481938 d:Buildings 2022-07-01 2023-06-30 1481938 d:Buildings 2023-06-30 1481938 d:Buildings 2022-06-30 1481938 d:Buildings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 1481938 d:OfficeEquipment 2022-07-01 2023-06-30 1481938 d:OfficeEquipment 2023-06-30 1481938 d:OfficeEquipment 2022-06-30 1481938 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 1481938 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 1481938 d:CurrentFinancialInstruments 2023-06-30 1481938 d:CurrentFinancialInstruments 2022-06-30 1481938 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 1481938 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 1481938 d:ShareCapital 2023-06-30 1481938 d:ShareCapital 2022-06-30 1481938 d:RetainedEarningsAccumulatedLosses 2023-06-30 1481938 d:RetainedEarningsAccumulatedLosses 2022-06-30 1481938 c:OrdinaryShareClass1 2022-07-01 2023-06-30 1481938 c:OrdinaryShareClass1 2023-06-30 1481938 c:OrdinaryShareClass1 2022-06-30 1481938 c:FRS102 2022-07-01 2023-06-30 1481938 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 1481938 c:FullAccounts 2022-07-01 2023-06-30 1481938 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 1481938 2 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 1481938









IN THE MARKETPLACE (LONDON) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2023

 
IN THE MARKETPLACE (LONDON) LIMITED
REGISTERED NUMBER: 1481938

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,757,225
2,711,003

Current assets
  

Debtors: amounts falling due within one year
 5 
45,933
253,192

Cash at bank and in hand
 6 
7,629,163
7,806,588

  
7,675,096
8,059,780

Creditors: amounts falling due within one year
 7 
(43,330)
(20,702)

Net current assets
  
 
 
7,631,766
 
 
8,039,078

Total assets less current liabilities
  
10,388,991
10,750,081

  

Net assets
  
10,388,991
10,750,081


Capital and reserves
  

Called up share capital 
 8 
50,000
50,000

Profit and loss account
  
10,338,991
10,700,081

  
10,388,991
10,750,081


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 December 2023.

S F A Clark
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
IN THE MARKETPLACE (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

1.


General information

In the Marketplace (London) Limited is a private company limited by share and domiciled in England and Wales. The registered office is at Priory House, 45-51 High Street, Reigate, Surrey RH2 9AE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 2

 
IN THE MARKETPLACE (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2022 - 1).

Page 3

 
IN THE MARKETPLACE (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

4.


TANGIBLE FIXED ASSETS





Freehold investment property
Office equipment
Total

£
£
£



Cost or valuation


At 1 July 2022
2,711,003
18,631
2,729,634


Additions
45,556
999
46,555



At 30 June 2023

2,756,559
19,630
2,776,189



Depreciation


At 1 July 2022
-
18,631
18,631


Charge for the period on owned assets
-
333
333



At 30 June 2023

-
18,964
18,964



Net book value



At 30 June 2023
2,756,559
666
2,757,225



At 30 June 2022
2,711,003
-
2,711,003






The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Freehold
2,756,559
2,711,003



5.


Debtors

2023
2022
£
£


Other debtors
-
250,000

Prepayments and accrued income
45,933
3,192

45,933
253,192


Page 4

 
IN THE MARKETPLACE (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

5.Debtors (continued)

Included within other debtors due within one year is a loan to SFA Clark, a director, amounting to £250,000 (2022 - £NIL). The loan was repaid on 31 October 2022.  The main conditions were as follows:

The loan is interest free and repayable on demand.


6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
7,629,163
7,806,588



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
8
-

Corporation tax
8,748
-

Other taxation and social security
2,600
2,600

Accruals and deferred income
31,974
18,102

43,330
20,702



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



500,000 (2022 - 500,000) Ordinary shares of £0.10 each
50,000
50,000


 
Page 5